Filing Flows › Planet Fitness (PLNT) › Q3 2025
Planet Fitness (PLNT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Planet Fitness (PLNT) reported revenue of $330M for the third quarter 2025 (Q3 2025), +13% from a year earlier and -3% from the quarter before. Operating margin was 32.4%, net earnings $58.8M (17.8% of revenue).
Planet Fitness, Q3 2025: revenue $330M (+13% year over year), operating margin 32.4%, net earnings $58.8M, operating cash flow $131M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $330M | -3% | +13% |
| Operating profit | $107M | +5% | +32% |
| Net earnings | $58.8M | +1% | +40% |
| Operating cash flow | $131M | +199% | +4% |
| Free cash flow | $76.7M | +833% | -2% |
What changed
Revenue was $330.3M in Q3 2025, up 13% year over year and down 3% from the previous quarter. Corporate-owned clubs was the largest line at 42% of revenue. Equipment added $17.1M year over year (up 28%), 45% of the total change.
Operating profit was $107.1M, a 32.4% margin (up 4.6 points year over year). Of the extra revenue versus a year earlier, 68% reached operating profit, above the 28% margin then. Total costs grew 6% against revenue growth of 13%. The fastest-growing cost line was Cost of revenue (+27%). Net earnings were $58.8M, up 40% year over year. The effective tax rate was 32.1%.
Operating cash flow was $131.5M (up 4% year over year), 222% of net earnings. Non-cash charges added back $39.1M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $30.2M. Capital expenditures of $54.8M left free cash flow of $76.7M.
Questions
What was Planet Fitness' revenue in the third quarter 2025?
Planet Fitness (PLNT) reported revenue of $330M for the third quarter 2025 (Q3 2025), +13% from a year earlier and -3% from the quarter before.
Was Planet Fitness profitable in the third quarter 2025?
Operating profit was $107M (32.4% of revenue) and net earnings $58.8M.
Source: Planet Fitness 10-Q on SEC EDGAR.